The Russian Ministry of Finance recently released Guidance Letter No. 03-03-06/1/47293, which clarifies the calculation of the percentage of Russian immovable property in the assets of a legal entity when determining eligibility for the 0% tax rate on gains from the alienation of shares. The 0% tax rate is available where the shares in a legal entity are held for a period of at least five years and certain conditions are met, including that no more than 50% of the entity's assets consist dire…